Overdraft Coverage Options:
Overdraft Protection and Overdraft Privilege
TelComm Credit Union understands that unexpected overdrafts occur from time to time – Overdraft Coverage can help.
Overdraft Coverage Option
The choice is yours. Consider these ways to cover overdrafts:
|Overdraft Protection link to another deposit account you have at TelComm Credit Union 1
||$0 fee per transfer
|Overdraft Protection Money Line of Credit for grandfathered accounts only 1
||Subject to interest
|Overdraft Privilege Standard or Extended Coverage
||$28 Overdraft Privilege Fee per item presented *
1 Call us at (417) 886-5355, email us at info@Telcommcu.com, send us a secure message through online banking, or come by a branch to sign up for these services.
* Per item presented means each time an item is presented, including re-presentment
OVERDRAFT PROTECTION applies to all transactions and may help prevent overdrafts by automatically transferring funds to your checking account from another account or Money Line of credit, for grandfathered accounts only, you have at TelComm Credit Union. Call us at (417) 886-5355, email us at info@Telcommcu.com, send us a secure message through online banking, or come by a branch to sign up for these services. Good account management is the best way to avoid overdrafts.
Overdraft Privilege allows you to overdraw your account up to the disclosed limit for a fee to pay a transaction. Even if you have Overdraft Protection, Overdraft Privilege is still available as secondary coverage if the other protection source is exhausted. Please review What Else You Should Know for other important information.